Yes, it is significantly undervalued; and your valuation is only for the CSG component of the resource. Hopefully we can get the drill rig going and prove up some conventional reserves shortly. A 4 bagger on a base case scenario not taking into account what could be a very large conventional resource. Let's hope it responds accordingly now the green light is on.
valuation, page-3
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Mkt cap ! $6.987M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $12.23K | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 13646050 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1119403 | 2 |
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| MEL (ASX) Chart |